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प्रश्न
How is franchising a better option for external expansion in case of start-ups?
उत्तर
- Franchising changed the working of the startups because already the product carriers a name in the market already which is the most difficult part of business to establish.
- Startups take up training to understand the product and franchisors make franchises fully conversant with the product/services that they have to offer.
- The start-ups can grow fast without having to increase labour, operating costs and blocking running expenses because normally buyers straight walk up to them.
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संबंधित प्रश्न
Who is a franchisor?
Which is the most popular form of franchising?
Explain in brief the three ways in which an organisation can expand externally.
Enumerate the importance of franchising.
Explain the types of franchising.
What are the disadvantages of franchising to the franchisee?
Explain the advantages of franchising, both for the franchisor and franchisee.
Choose the Correct Answer.
A continuing relationship which provides licence privileges to do business and provides training, merchandising for consideration is called ______
Choose the Correct Answer.
A condition where a factor agrees to provide a complete set of services like financing, debt collection, consultancy is called ______
An organization carrying out activities to move goods from producer to consumer is ______.
State two disadvantages of franchising?
What are the types of franchising?
Enumerate the characteristics of franchising.
Assertion (A): In franchising there is usually a much higher likelihood of success when an individual opens a franchise as opposed to a mom-and-pop business.
Reason (R): It runs on a proven business formula that is already in place.
